Broadridge Financial Solutions, Inc. (BR) Stock

Broadridge Financial Solutions, Inc. (BR) is a Technology stock trading at $170.22 (as of 2026-09-15), with a market capitalization of $19.41B and a trailing P/E of 17.3. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Broadridge Financial Solutions, Inc. provides communications and technology services to financial-services clients, including processing and distributing proxy and other investor materials and related vote and reporting activities. It also offers electronic proxy delivery and voting, investor and corporate communications platforms, and services such as data, analytics, and transaction-related processing for public corporations and mutual funds.

Understand Broadridge Financial Solutions, Inc.: how it makes money

Broadridge produces and mails proxy statements, annual reports, and tax documents to shareholders on behalf of asset managers and public companies, earning per-statement and per-position fees. Most revenue is tied to the number of investor positions in the system rather than market direction, and a large share comes from multi-year contracts that renew automatically.

Each investor position in the system generates a recurring annual fee, so revenue scales with shareholder count and assets under management rather than trading volume.

Revenue by segment (latest quarter)
Distribution$0.5B
Capital Markets$0.3B
Event-Driven$0.1B
Other$0.7B

Business quality (Solid): Solid: high-visibility recurring revenue, a multi-year contract base, and a switching cost moat built on operational complexity give the business a durable, if modest, growth profile.

Valuation: Trades at 19× trailing earnings · $21.1B market cap.

Bull case

  • Backlog locks in near-term revenue: Management cited a $430 million starting backlog, meaning a substantial portion of FY26 revenue is already contracted and not subject to new-deal risk or macro timing.
  • Position growth compounds the fee base: Investor participation is driving 15% equity position growth and 11% revenue-position growth, which mechanically lifts revenue in the per-position pricing model without requiring a single large win.
  • AI opens a margin expansion path: Management noted that AI productivity gains could expand margins or fund reinvestment, targeting the labor-intensive document-production cost base that sits behind the 25% operating margin.

Bear case

  • New business pipeline is contracting: Year-to-date closed sales were down 16% year over year, which means the pipeline of future renewals and expansions is thinning even while the existing backlog holds up.
  • Digital shift erodes print economics: Customer communications face recurring-revenue pressure as migration to digital delivery reduces per-statement fees, a structural headwind that gradually compresses the legacy mailing model.
  • Earnings growth is decelerating: Fourth-quarter EPS growth is expected to slow to low-to-mid single digits, suggesting the 7% revenue growth rate is not translating into proportionate earnings expansion as cost investments land.
Valuation — source: SEC EDGAR (first-party)
Price$170.22
Market Cap$19.41B
P/E Ratio17.3
EV / EBITDA15.5
Price / Book6.83
Price / Sales2.60
Dividend Yield2.3%
FCF Yield6.6%
DCF Value (model)$89.68
DCF Upside vs Price-47.3%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$7.48B
Net Margin15.0%
Return on Equity39.6%
Debt / Equity1.15
Current Ratio1.24
Revenue Growth (YoY)7.5%
FCF Growth (YoY)-5.7%
Financial Health — source: SEC EDGAR
Altman Z-Score3.98 (safe)
Piotroski F-Score9/9 (strong)
Valuation vs Sector & Industry
Stock P/E17.3
Sector P/E (Technology)30.8
Industry P/E (Business Services)25.7
vs Sector-44.0%
vs Industry-32.8%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($3.36B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorTechnology
IndustryBusiness Services
CEOTimothy C. Gokey
Employees14,000
CountryUS
IPO Date2007-03-22

Broadridge Financial Solutions, Inc. earnings call transcripts

  • BR Q4 FY26 earnings call transcript (reported 2026-08-04) · analysis
  • BR Q3 FY26 earnings call transcript (reported 2026-04-30) · analysis
  • BR Q1 FY26 earnings call transcript (reported 2025-11-04) · analysis
  • BR Q4 FY25 earnings call transcript (reported 2025-08-05) · analysis
  • BR Q3 FY25 earnings call transcript (reported 2025-05-01) · analysis

All BR earnings calls

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BR earnings history · BR institutional & insider holders · BR KPIs & operating metrics · BR financials · BR filings, presentations & press releases · BR investor presentations & press releases · BR SEC filings · BR peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-09-15.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.